VEET activities by sector

From 7 December 2011, the VEET scheme began expanding from the residential to the business sector. The range of existing prescribed activities that are eligible to be undertaken in the business and non-residential sector was further expanded in February 2012. In May 2012, a range of business and non-residential specific activities were introduced, including lighting upgrades.

In June 2017, the scheme was further expanded to include a new prescribed activity, project-based activities, which are designed to suit a wide range of potential projects which are technology neutral. These types of prescribed activities will not be covered here. Further information on project-based activities can be found here.

The following table provides a breakdown of prescribed activities as prescribed by the Victorian Energy Efficiency Target Regulations 2008 (the Principal Regulations) showing which are eligible to be undertaken in each sector. The schedule numbers refer to the individual schedules of the Principal Regulations. These schedules define in detail the nature and requirements of each activity.

To be VEET eligible within the residential sector, a premises must be a residential premises, defined as:

A building classified under Part A3 of the Building Code of Australia as a Class 1, 2, 3 or 4 Building.

To be VEET eligible within the business/non-residential sector, a premises must fulfil two criteria:

the premises must not be a residential premises, and

the premises must not be a 'scheduled activity premises' as defined in Regulation 4 of the Principal Regulations, unless it has been 'opted in' to the VEET scheme pursuant to Regulation 10AA of the Principal Regulations.

Prescribed Activities - Eligibility by Sector

Category

Sch.

Activity*

Residential

Business

Water heating

1

Electric to gas or boosted solar hot water

YES

YES

2

Solar retrofit on electric hot water

YES

YES

3

Gas to gas boosted solar hot water

YES

YES

4

Solar pre-heater on gas water heater

YES

YES

Space heating & cooling

5

Ducted gas to high efficiency ducted gas heater

YES

YES

6

Central electric to high efficiency ducted gas heater

YES

YES

7

Ducted heat pump to high efficiency ducted heat pump

YES

YES

8

Central electric to high efficiency ducted heat pump

YES

YES

9

Gas flued space heater

YES

YES

10

Space heat pump

YES

YES

20

High efficiency ducted gas in premises without heating or cooling product installed

* The precise nature of these prescribed activities, including various restrictions that govern them, are described in the Principal Regulations. Readers should consult the Principal Regulations as well as the Explanatory note - creating VEECs from prescribed activities, available through the Publications page on the menu to the left, before undertaking any of the above activities.** Ceiling insulation is currently subject to a discount factor of zero, meaning that VEECs cannot be created for this prescribed activity.